Geeta Dubey (Smt.) v. ITO (2018) 172 ITD 538 (Indore)(Trib.)

S. 68 : Cash credits- Gifts from father father and sister in law – Need not prove the occasion – Addition cannot be made. [S.56(2)(v)]

Tribunal held that; gifts were received through proper banking channel and identity of donors was well established  both donors i.e., father and sister-in-law, fell under category of relatives provided in Explanation (e) of section 56 of section (2)  Accordingly as per S. 56(2)(v), for accepting a gift from any relative, no occasion needs to be proved . Addition was deleted